One-Level Duplex
New
For Sale
$305,000
3504 NW 93rd Street, Kansas City, MO 64154
Three-bedroom residence with an open layout, LVT flooring, and a large rear patio overlooking open green space.
Property Size1,304 SF
Days on Market4
Property Features for 3504 NW 93rd Street
General Information
Standard status
Active
Size
1,304 SF
Property subtype
Duplex
Additional Details
Road Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,532
Amenities
patio
Building Details
Building Size
1,304 SF
Year Built
2019
Stories
1
Listing Agency:
Real Broker, LLC
(785) 329-9077
Listed By:
Mike Russell · License #SP00225692
(785) 329-9077
Source:
Community-realty
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 11 at 1:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
Investment Insights
Based on property information with market context.
Built in 2019, this one-level duplex property offers a three-bedroom layout with an open-concept interior. Luxury vinyl plank flooring extends through the home, while the living area connects to a large rear patio. The residence includes a primary suite and is positioned beside open green space at the rear of the property.
The property is located in Northwest Kansas City within the Platte County School District. Shopping, restaurants, and entertainment at Zona Rosa are nearby, with access to Kansas City International Airport also noted. The home sits on NW 93rd Street in Kansas City, Missouri.
The property is located in Northwest Kansas City within the Platte County School District. Shopping, restaurants, and entertainment at Zona Rosa are nearby, with access to Kansas City International Airport also noted. The home sits on NW 93rd Street in Kansas City, Missouri.
Key Highlights
- Three‑bedroom, one‑level duplex property
- Built in 2019
- Open‑concept floor plan with luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,211
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,220
$304.2K
Cap Rate 7%
$217,300
$217.3K
Cap Rate 9%
$169,011
$169.0K
Market Conditions
NOI Build-Up for 1,304 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.2K $17.76/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$21.7K $16.66/SF
− OpEx
−$6.5K −$5.00/SF
NOI
$15.2K $11.66/SF
Area
Kansas City, MO
Vacancy
6.17%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,220
Cap Rate 7%
$217,300
Cap Rate 9%
$169,011
Alternative Uses
Best Use
Multifamily LT 5
$217.3K
$190.1K – $253.5K
NOI $15,211 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$200.0K
$175.0K – $233.4K
NOI $14,002 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$310.6K
$271.8K – $362.4K
NOI $21,742 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 64154, MO
12,986
Population
6,343
Households
2
Avg Household Size
37
Median Age
50%
College-Educated
97%
High-School Grad
12.9 sq mi
ZIP Area
1,007
Density / Sq Mi
$92,686
Median Household Income
$51,870
Median Earnings
$1,384
Median Rent
$351,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom residence with an open layout, LVT flooring, and a large rear patio overlooking open green space.
Where is this duplex located?
The property is located at 3504 NW 93rd Street Kansas City, MO.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Three‑bedroom, one‑level duplex property; Built in 2019; Open‑concept floor plan with luxury vinyl plank flooring
